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IDB slashes investment in Azerbaijan

IDB slashes investment in Azerbaijan

18 September 2009 12:04 (UTC +04:00)

Baku. Nijat Mustafayev - APA-Economics. The amount fixed investment by the Islamic Development Bank in Azerbaijan during January-August totaled AZN 2 256 800, down threefold on the same period last year.

The State Statistical Committee said the IDB investments accounted for 0.3% of total foreign fixed investment in Azerbaijan during this period.

Azerbaijan joined the IDB in 1992. The IDB commitments to the country were over $250 million for some 30 projects.

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